Highest in 2 Years: 65% of Bitcoin Hash Power Is in China, Report Finds

Bitcoin News

“China is a large country and there are many poorly developed areas with low-price, abundant electricity, such as Xinjiang, Yunnan, Inner Mongolia and Sichuan. As we all know, electricity costs and mining machines are two important factors for mining costs, so mining companies and individual miners prefer setting up mines in China.”

Products You May Like

Articles You May Like

Bitcoin on-chain data shows 5 reasons why the BTC bottom could be in
The impact of CBDCs on stablecoins with Bitget’s Gracy Chen
Stocks making the biggest moves premarket: Marvell Technology, Horizon Therapeutics, DoorDash and more
Ethereum ‘March 2020’ fractal hints at price bottom — But ETH bears predict 50% crash
MongoDB stock jumps 27% after cloud database company shows surprise adjusted profit

Leave a Reply

Your email address will not be published. Required fields are marked *